REG - i-nexus Global PLC - AGM Statement

i-nexus GlobalAnnouncement

26/02/2024 07:00

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RNS Number : 3511E  i-nexus Global PLC  26 February 2024

26 February 2024

i-nexus Global plc

("i-nexus", the "Company" or the "Group")

 

AGM Statement

 

i-nexus Global plc (AIM: INX), a leading provider of cloud-based strategy
applications designed for the Global 5000, provides the following trading
update in advance of the Annual General Meeting to be held at 11:00 am today.

 

The Company has continued to demonstrate steady progress, aligning with the
Board's strategic focus for FY24.

 

Since the start of the current financial year, ending 30 September 2024, the
Company has secured three new logos, each with considerable expansion
potential, and expanded within five customer accounts. The Company is actively
pursuing several larger scale opportunities that are currently in the
pipeline.

 

The Board's attention remains firmly focused on ensuring the adequacy of our
cash resources and executing mindful investment decisions as we steer i-nexus
towards a positive Adjusted EBITDA position.

 

We continue to explore opportunities for product innovation, with one proof of
concept product being trialed with prospects. Additionally, following the
previously announced loss of our last remaining client using the older, highly
customised version of the i-nexus software, effective at the calendar year
end, we are now realising the benefits of a more focused development effort.

 

Many of the seven customers secured last year, spanning several new verticals,
are now successfully deployed and are in active conversations about expanding
their use of the software, demonstrating the Company's ability to adapt and
cater to diverse markets. This is testament to our belief that all companies,
regardless of their industry or size, can benefit from a well-executed
strategy.

 

Our accomplishments since the start of the current financial year are a
reflection of our strategic focus and the market opportunity that lies ahead.
The Board is optimistic about the direction in which the business is heading
and we look forward to sharing our continued progress.

For further information please contact:

 i-nexus Global plc                                     Via: Alma

 Simon Crowther, CEO

 Drew Whibley, CFO

 Singer Capital Markets (Nominated Adviser and Broker)  Tel: +44 (0)207 496 3000

 Sandy Fraser / Alex Bond (Corporate Finance)

 Alma Strategic Communications                          Tel: +44 (0)203 405 0205

 Caroline Forde/Robyn Fisher

 

About i-nexus Global plc

i-nexus Global plc ("i-nexus") helps companies accelerate business outcomes
through robust strategic planning, predictable project portfolio delivery, and
real-time performance tracking to ensure results are achieved. i-nexus'
strategy applications replace spreadsheets and presentations with a single
application that promotes collaboration, alignment, and communication in the
pursuit of improved business outcomes, while providing resource and
accompanying cost efficiencies.

 

Today, we support organisations in managing over 200,000 strategic programmes
around the world.

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